Pioneer Natural Resources Company (NYSE:PXD) CEO Timothy L. Dove sold 5,560 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $160.66, for a total value of $893,269.60. Following the transaction, the chief executive officer now directly owns 260,083 shares of the company’s stock, valued at $41,784,934.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Pioneer Natural Resources Company (PXD) opened at $152.81 on Wednesday. Pioneer Natural Resources Company has a 52 week low of $125.46 and a 52 week high of $199.83. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $26,702.34, a P/E ratio of 109.73, a PEG ratio of 10.97 and a beta of 0.96.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the business earned $0.13 earnings per share. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. research analysts forecast that Pioneer Natural Resources Company will post 1.4 EPS for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the company. GWM Advisors LLC purchased a new stake in shares of Pioneer Natural Resources during the second quarter worth approximately $100,000. Commonwealth Bank of Australia raised its stake in shares of Pioneer Natural Resources by 10.8% during the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after purchasing an additional 67 shares during the last quarter. BDO Wealth Advisors LLC purchased a new stake in shares of Pioneer Natural Resources during the second quarter worth approximately $120,000. WFG Advisors LP raised its stake in shares of Pioneer Natural Resources by 10.2% during the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after purchasing an additional 102 shares during the last quarter. Finally, Grove Bank & Trust raised its stake in shares of Pioneer Natural Resources by 112.3% during the second quarter. Grove Bank & Trust now owns 1,172 shares of the oil and gas development company’s stock worth $187,000 after purchasing an additional 620 shares during the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.
A number of equities analysts have recently commented on PXD shares. Williams Capital set a $184.00 price objective on Pioneer Natural Resources and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Morgan Stanley lowered their price objective on Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Wells Fargo & Company downgraded Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $190.00 to $160.00 in a research report on Wednesday, August 2nd. Mizuho reissued a “buy” rating and set a $196.00 price objective on shares of Pioneer Natural Resources in a research report on Friday, September 29th. Finally, Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $194.07.
Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.
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